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Latest trends in Artificial Intelligence

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Artificial intelligence (AI) has surfaced over the last few decades and remains a key trend in innovative technology. In 2019, IDC has predicted that spending on AI technologies would increase to $97.9 billion by 2023 and also recent stats say that 77% of the devices that we use currently have AI built into them. AI will continue to serve as a central technological innovation in 2021. Let us have a look at the top trends in AI Technology in 2021 Conversational AI: Artificial intelligence Chatbot, also known as Conversational AI Chatbot , enables customer support services via the chat window, AI solution helps in automating customer services. An AI-powered chatbot uses natural language processing (NLP) and machine learning algorithms to understand user intent more effectively. The fusion of AI and Robotics: The combination of both AI and Robotics technologies will define as artificial intelligent robots . The blend of AI and robotics enables an organization to serve b

Statistics of Artificial Intelligence

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What is Artificial Intelligence ? Artificial Intelligence (AI) is associated with machines or robots, and they are designed and developed with predefined programs to mimic human thinking and act like a human. Many of us think AI and Robotics are the same… But NO, they are different from each other. Combination of AI and Robotics uses to build “Artificially Intelligent Robots.” In this guide, we will explain  how the Artificial Intelligence is distinct from Robotics . Some of the Artificial Intelligence Statistics that you need to know. In the past 4 years, The AI business has been grown by 270%. Utilization of Artificial Intelligence has become very wide in many organizations, so by AI market is expected to reach $267 billion by 2027. Most of the leading businesses have active investments in AI. More than half of organizations say that adopting Ai in their workplace has increased productivity. According to the latest AI statics, 62% of customers states that they will use AI to have a b

An Overview of Artificial Intelligence (AI)

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What is AI simple definition? Artificial Intelligence   or   AI   has become very popular in today’s and it’s one of the fastest-growing and popular data-driven technologies being used all around the world. AI refers to human intelligence robots which are designed and built to think and acts like a human’s mind. Are AI and robotics the same thing? Many of them have this question AI and Robotic are the same thing or robotic is a subset of AI. Here is a blog to get a clear idea about the difference between  robotics and artificial intelligence . Advantages of Artificial Intelligence. Works very faster and smarter. Reduction in error rates compared to humans. AI Works 24×7 without any interruption. Can automate the reparative task Decision making will happen very fast by using AI Disadvantages of Artificial Intelligence High Cost  – AI is fast growing technology so, AI needs day-to-day replacements, machines, and updates for hardware and software. So, it’s cost very high for the organizat